The Decentraland price prediction upsurge astounds the intraday traders as MANA indicates a bit of the immediate resistance level.
Decentraland Prediction Statistics Data:
- Decentraland price now – $0.79
- Decentraland market cap – $1.4 billion
- Decentraland circulating supply – 1.8 billion
- Decentraland total supply – 2.1 billion
- Decentraland Coinmarketcap ranking – #40
Resistance levels: $1.00, $1.10, $1.20
Support levels: $0.50, $0.40, $0.30
MANA/USD is moving tremendously as the coin touches the resistance level of $0.81. Following the recent price hike, the Decentraland price is attempting to cross above the upper boundary of the channel. However, a break above this barrier could produce a huge green candle to the upside, and this may cause the coin to reach the resistance levels at $1.00, $1.10, and $1.20.
Decentraland Price Prediction: Decentraland Price May Jump to the North
The Decentraland price seems to be facing the north; it has been following a bullish movement since the beginning of today. In the next few days, MANA/USD is likely to maintain a consistent bullish run as the Relative Strength Index (14) moves into the overbought region and it may continue to show signs of an upward movement in the market soon.
In other words, a bearish step back is likely to roll the market back below the 9-day and 21-day moving averages with a possible breakdown to the support levels of $0.50, $0.40, and $0.30 which could establish a new low for the market. Moreover, the trading volume is rising slowly as this is giving a sign of an upcoming big move.
Against Bitcoin, the MANA bulls are showing a strong commitment to keeping the market price above the 9-day and 21-day moving averages. Following the recent positive sign, the Decentraland price may cross above the upper boundary of the channel if the buyers put more pressure on the market further.
However, as the Relative Strength Index (14) moves into the overbought region, the Decentraland price may continue with the upward movement and possibly cross above the channel which could touch the resistance level of 4000 SAT and above but a bearish movement below the 9-day and 21-day moving averages could lower the price to the support level of 2400 SAT and below.
The Decentraland price gains 14.69% today and the coin is likely to create additional gains if the buyers keep it on the positive side. Meanwhile, due to its high rates of return on investment, the Meta Masters Guild (MEMAG) token benefits traders. This token is this year’s Play-to-Earn guild with the fastest growth. As a result, it will be Web3’s largest mobile gaming guild. It is possible to develop games that are entertaining and intriguing and work with NFTs. And there, community members receive rewards for their investments and speculation. There has already been close to $2 million raised during the MEMAG presale.
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- Source: https://insidebitcoins.com/news/decentraland-price-prediction-for-today-january-29-mana-usd-hangs-around-0-81-level